Ag Sales Remain Robust in May

Growth accelerated for large ag equipment sales in May, while small/mid inventories fell despite moderating sales growth in a seasonally strong month. U.S. large ag retail sales were up 32.2% year-over-year in May, while Canada sales were up 53%. Combined U.S./Canada large ag sales were up 35.2% vs. 28.6% in April, the ninth consecutive month with growth over 9%. 4WD and combine sales posted the strongest growth (over 50%), and compact and mid-range categories saw…

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